That graph on the dollar is shocking. But do you know what the really amazing thing is? The rest of the world's currencies are doing even worse than the dollar.
At least the dollar started to strengthen in 2016, as a result of interest rates normalising. Everyone else's currency weakened further as a result of zero interest rates and QE. The ECB's base rates are 0.0% and the rate they charge banks for depositing excess reserves at the ECB is -0.4%. And yet banks still deposit excess reserves with the ECB despite losing money. The mind boggles as to what they're thinking.
Topic: Bitcoin Prehistory - page 4. (Read 2460 times)
These graphics are part of a work I did in the thread WO.
It is the price of Bitcoin from 2013 to 2018, the value of the price is the one indicated on the last day of each month.
We can observe the trend of each year until 2018.
This graphic reflects where the technology we have now come from in our homes, computers, networks, Internet, smartphones, virtual currencies, exchanges, to get here, many people have contributed their knowledge to the technological evolution we have today.
Some of them are very well known in Bitcointalk, thanks to all of them.
I have ordered the appointments chronologically with a link to the corresponding information:
- 1974 Robert E. Kahn / Vint Cerf TCP/IP = Internet
https://en.wikipedia.org/wiki/Internet_protocol_suite
- 1976 Whitfield Diffie / Martin Hellman / New Directions in Cryptography
https://ee.stanford.edu/~hellman/publications/24.pdf
- 1978 RSA Public Key Cryptosystem
https://en.wikipedia.org/wiki/RSA_(cryptosystem)
- 1980 Ralph Merkle Protocols Cryptosystems
http://www.merkle.com/papers/Protocols.pdf
- 1981 David Chaum Untraceable Electronic Mail, Return Addresses
https://en.wikipedia.org/wiki/David_Chaum
- 1982 Murray Rothbard The Ethics of Liberty
https://en.wikipedia.org/wiki/Murray_Rothbard
- 1983 David Chaum Blind Signatures
https://sceweb.sce.uhcl.edu/yang/teaching/csci5234WebSecurityFall2011/Chaum-blind-signatures.PDF
- 1985 Elliptic Curve Cryptography
https://en.wikipedia.org/wiki/Elliptic-curve_cryptography
- 1988 Timothy C. May The Crypto Anarchist Manifesto
https://www.activism.net/cypherpunk/crypto-anarchy.html
- 1989 David Chauman DigiCash
https://en.wikipedia.org/wiki/DigiCash
- 1991 Phil Zimmermann
https://en.wikipedia.org/wiki/Phil_Zimmermann
- 1991 Haber / Stornetta How to Time-Stamp a Digital Document
https://link.springer.com/article/10.1007/BF00196791
- 1992 / 1993 Eric Hugues A Cyperherpunk's Manifesto
https://bitcointalksearch.org/topic/m.49471136
- 1992 Cypherpunk Founded
https://en.wikipedia.org/wiki/Cypherpunk
- 1994 CyberCash
https://en.wikipedia.org/wiki/CyberCash
- 1994 Timothy C. May
https://nakamotoinstitute.org/static/docs/cyphernomicon.txt
- 1996 E-Gold
https://en.wikipedia.org/wiki/E-gold
- 1996 NSA How To Make A Mint
http://groups.csail.mit.edu/mac/classes/6.805/articles/money/nsamint/nsamint.htm
- 1997 Adam Back HashCash
https://en.wikipedia.org/wiki/Adam_Back
- 1997 Nick Szabo Formalizing and Securing Relationships on Public Networks
https://ojphi.org/ojs/index.php/fm/article/view/548/469
- 1998 Nick Szabo Secure Property Titles with Owner Authority
https://nakamotoinstitute.org/secure-property-titles/
- 1998 Bit Gold
https://en.wikipedia.org/wiki/Nick_Szabo
- 1998 Wei Dai B-Money
https://en.bitcoin.it/wiki/B-money
- 1999 Dot Com Bubble
https://en.wikipedia.org/wiki/Dot-com_bubble
- 2001 Bram Cohen BitTorrent
https://en.wikipedia.org/wiki/Bram_Cohen
- 2001 Distributed Hash Tables
https://en.wikipedia.org/wiki/Distributed_hash_table
- 2004 Hal Finney / Reusable Proofs of Work
https://nakamotoinstitute.org/finney/rpow/index.html
- 2008 Satoshi Nakamoto / A Peer to Peer Electronic Cash System
https://bitcoin.org/bitcoin.pdf
- 2009 Bitcoin Launched Chancellor on brink of second bailout for banks
https://en.bitcoin.it/wiki/Genesis_block
Source image:
https://twitter.com/bitcoinje/status/1091672330277961728
People joked about video games currency for years but they have never given them credit for the prebitcoin history before so seeing that here is something amazing. I for one sold one of my game characters and a lot of game money for bitcoin for example, that was the transition process for me, I moved from game currencies and so forth to actually using digital currency and I knew at that moment this has to be the thing I do from now on.
I played games all my life and made a lot of money from them when I was a kid so it was certainly a way for people to make money and spend money as well but it was not seen as a currency and not taken seriously, with the invention of bitcoin those in game currencies actually had a reason to be relative to the topic but never really mentioned until this post.
I played games all my life and made a lot of money from them when I was a kid so it was certainly a way for people to make money and spend money as well but it was not seen as a currency and not taken seriously, with the invention of bitcoin those in game currencies actually had a reason to be relative to the topic but never really mentioned until this post.
^
This Vikipedia Virtual Economy link is a good description of what you are saying?
If so, I would include it in the list.
(2001 Video Game currencies and markets, (era started in 2001))
Thx.
Quote
In 2001, EverQuest players Brock Pierce and Alan Debonneville founded Internet Gaming Entertainment Ltd (IGE), a company that offered not only the virtual commodities in exchange for real money but also provided professional customer service. IGE had a trained staff that would handle financial issues, customer inquiries and technical support to ensure that gamers are satisfied with each real money purchase. It also took advantage of the global reach of synthetic worlds by setting up a shop in Hong Kong where a small army of technically savvy but low wage workers could field orders, load up avatars, retrieve store goods and deliver them wherever necessary.[3][4] This lucrative market has opened a whole new type of economy where the border between the real and the virtual is obscure.[5]
https://en.wikipedia.org/wiki/Virtual_economy
People joked about video games currency for years but they have never given them credit for the prebitcoin history before so seeing that here is something amazing. I for one sold one of my game characters and a lot of game money for bitcoin for example, that was the transition process for me, I moved from game currencies and so forth to actually using digital currency and I knew at that moment this has to be the thing I do from now on.
I played games all my life and made a lot of money from them when I was a kid so it was certainly a way for people to make money and spend money as well but it was not seen as a currency and not taken seriously, with the invention of bitcoin those in game currencies actually had a reason to be relative to the topic but never really mentioned until this post.
I played games all my life and made a lot of money from them when I was a kid so it was certainly a way for people to make money and spend money as well but it was not seen as a currency and not taken seriously, with the invention of bitcoin those in game currencies actually had a reason to be relative to the topic but never really mentioned until this post.
This post is taking too long to do it. For sure OP made some time to do this post. Anyway, technology always develop over a period of time like to what we have now. We are entering more complicated digital era where almost platform are using AI to interact with users. This is the best so.far but who knows that this kind of intelligent will be integrated in every system especially if it will found out that AI is more time saving and more comfortable for the users to use.
BITCOIN is one of the best technology also so far and being implemented right now.
BITCOIN is one of the best technology also so far and being implemented right now.
Thx for the last comments.
https://twitter.com/chartingbitcoin/status/1087528609517109250
2018 Bitcoin transaction volume beats out PayPal
https://cryptoinsider.com/bitcoin-transaction-beats-paypal/
2019 Transactions Research: How Bitcoin found its niche in competition with Visa, Master Card and Paypal
https://datalight.me/blog/researches/longread/bitcoin-becomes-the-main-method-of-international-payment/
If we already know that TPS is low compared to other means of payment, but we must bear in mind that Bitcoin is a baby, compared to these companies, see the years in which they were created with respect to Bitcoin.
We have a long way to go, but we will reach them and we will surpass them.
https://twitter.com/chartingbitcoin/status/1087528609517109250
2018 Bitcoin transaction volume beats out PayPal
https://cryptoinsider.com/bitcoin-transaction-beats-paypal/
2019 Transactions Research: How Bitcoin found its niche in competition with Visa, Master Card and Paypal
https://datalight.me/blog/researches/longread/bitcoin-becomes-the-main-method-of-international-payment/
If we already know that TPS is low compared to other means of payment, but we must bear in mind that Bitcoin is a baby, compared to these companies, see the years in which they were created with respect to Bitcoin.
We have a long way to go, but we will reach them and we will surpass them.
Well I guess there are still thread starters that are worth reading.
Thanks for the links. Now, I dont have to google it one by one and just click here.
Now that bitcoin have been fruitful, I do think this history willl be needed if ever a study will be created or a subject in history of crypto currencies.
Yes, they will need this to understand everything. I mean those who will be professor of crypto.
Thank you again.
Merits for the efforts.
Thanks for the links. Now, I dont have to google it one by one and just click here.
Now that bitcoin have been fruitful, I do think this history willl be needed if ever a study will be created or a subject in history of crypto currencies.
Yes, they will need this to understand everything. I mean those who will be professor of crypto.
Thank you again.
Merits for the efforts.
Thank you for sharing, I appreciate your thread and the effort you gave to summarize the important information that every crypto enthusiast should know.
Edit*** was suppose to send merit but found out I was out of it already.
Edit*** was suppose to send merit but found out I was out of it already.
What are your thoughts on david chaum's latest project elixxir?
They have already given you an opinion about what you were asking.
I looked for more information and when I saw Chris Larsen (xrp), who is very close to the project, I did not waste any more time searching.
This is why crypto technology keeps on walking, thanks to people like you who really understands all this madness. Congratulation for the hard work regarding the chart.
Yes, and also to people like you who are still interested in this type of information and participate in the thread.
Thx.
This is why crypto technology keeps on walking, thanks to people like you who really understands all this madness. Congratulation for the hard work regarding the chart.
This graph and breakdown is incredible. thank you for sharing. it's rad to see how we built up to bitcoin. What are your thoughts on david chaum's latest project elixxir?
https://twitter.com/brian_trollz/status/1101532292047093760
A lot of early people ended up shitting the bed. Beware.
^
I do not know, we have to wait to get more information, personally I am not against any new project, as long as it does not attack Bitcoin.
I do not know, we have to wait to get more information, personally I am not against any new project, as long as it does not attack Bitcoin.
This graph and breakdown is incredible. thank you for sharing. it's rad to see how we built up to bitcoin. What are your thoughts on david chaum's latest project elixxir?
https://twitter.com/IIF/status/1113093833712168960
All this amount of printed fiduciary money will never be returned, the debt is the inheritance that we will leave to our children, grandchildren and the next generations.
Decentralization welcome, thx, BTC
That is exactly right. And just this week ECB has announced they will keep printing more debt.
Not only is this debt left for future generations, it is also never going to get paid. So if you print debt and it just keeps getting rolled over forever, you've essentially just printed free money for banks.
Did you get free money? Did your lemonade stand? No. But banks did.
We're getting hoodwinked systematically.
https://twitter.com/wesleybillett/status/1095039892650934273
Gold and Bitcoin
Quite significant, the two graphs have followed a similar pattern.
Maybe we make the same figure upwards.
https://twitter.com/IIF/status/1113093833712168960
All this amount of printed fiduciary money will never be returned, the debt is the inheritance that we will leave to our children, grandchildren and the next generations.
Decentralization welcome, thx, BTC
1913 / 2019 - This is what happens with a traditional monetary system.
https://twitter.com/Goldbroker_com/status/1094717801166704643
This graphic reflects where the technology we have now come from in our homes, computers, networks, Internet, smartphones, virtual currencies, exchanges, to get here, many people have contributed their knowledge to the technological evolution we have today.
Some of them are very well known in Bitcointalk, thanks to all of them.
I have ordered the appointments chronologically with a link to the corresponding information:
- 1974 Robert E. Kahn / Vint Cerf TCP/IP = Internet
https://en.wikipedia.org/wiki/Internet_protocol_suite
- 1976 Whitfield Diffie / Martin Hellman / New Directions in Cryptography
https://ee.stanford.edu/~hellman/publications/24.pdf
- 1978 RSA Public Key Cryptosystem
https://en.wikipedia.org/wiki/RSA_(cryptosystem)
- 1980 Ralph Merkle Protocols Cryptosystems
http://www.merkle.com/papers/Protocols.pdf
- 1981 David Chaum Untraceable Electronic Mail, Return Addresses
https://en.wikipedia.org/wiki/David_Chaum
- 1982 Murray Rothbard The Ethics of Liberty
https://en.wikipedia.org/wiki/Murray_Rothbard
- 1983 David Chaum Blind Signatures
https://sceweb.sce.uhcl.edu/yang/teaching/csci5234WebSecurityFall2011/Chaum-blind-signatures.PDF
- 1985 Elliptic Curve Cryptography
https://en.wikipedia.org/wiki/Elliptic-curve_cryptography
- 1988 Timothy C. May The Crypto Anarchist Manifesto
https://www.activism.net/cypherpunk/crypto-anarchy.html
- 1989 David Chauman DigiCash
https://en.wikipedia.org/wiki/DigiCash
- 1991 Phil Zimmermann
https://en.wikipedia.org/wiki/Phil_Zimmermann
- 1991 Haber / Stornetta How to Time-Stamp a Digital Document
https://link.springer.com/article/10.1007/BF00196791
- 1992 / 1993 Eric Hugues A Cyperherpunk's Manifesto
https://bitcointalksearch.org/topic/m.49471136
- 1992 Cypherpunk Founded
https://en.wikipedia.org/wiki/Cypherpunk
- 1994 CyberCash
https://en.wikipedia.org/wiki/CyberCash
- 1994 Timothy C. May
https://nakamotoinstitute.org/static/docs/cyphernomicon.txt
- 1996 E-Gold
https://en.wikipedia.org/wiki/E-gold
- 1996 NSA How To Make A Mint
http://groups.csail.mit.edu/mac/classes/6.805/articles/money/nsamint/nsamint.htm
- 1997 Adam Back HashCash
https://en.wikipedia.org/wiki/Adam_Back
- 1997 Nick Szabo Formalizing and Securing Relationships on Public Networks
https://ojphi.org/ojs/index.php/fm/article/view/548/469
- 1998 Nick Szabo Secure Property Titles with Owner Authority
https://nakamotoinstitute.org/secure-property-titles/
- 1998 Bit Gold
https://en.wikipedia.org/wiki/Nick_Szabo
- 1998 Wei Dai B-Money
https://en.bitcoin.it/wiki/B-money
- 1999 Dot Com Bubble
https://en.wikipedia.org/wiki/Dot-com_bubble
- 2001 Bram Cohen BitTorrent
https://en.wikipedia.org/wiki/Bram_Cohen
- 2001 Distributed Hash Tables
https://en.wikipedia.org/wiki/Distributed_hash_table
- 2004 Hal Finney / Reusable Proofs of Work
https://nakamotoinstitute.org/finney/rpow/index.html
- 2008 Satoshi Nakamoto / A Peer to Peer Electronic Cash System
https://bitcoin.org/bitcoin.pdf
- 2009 Bitcoin Launched Chancellor on brink of second bailout for banks
https://en.bitcoin.it/wiki/Genesis_block
Source image:
https://twitter.com/bitcoinje/status/1091672330277961728
Wow, even in the year 1973, cryptosphere already exist where in fact it is not yet the time for digital era. Maybe those people who foreseen the revolution of digital assets are geniuses.
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